The Smart Buyer’s Guide to Under-Construction Properties
Pune has become an emerging hotspot for the real estate market. With the ever-increasing constructions, investors are presented with a plethora of options, most of which are upcoming projects that would be completed in a few years.
Buying a property that is still under-construction, especially in a booming real estate market like Pune, offers unique opportunities to investors and home-buyers alike. If done right, it can reap very good rewards.
Invest now, pay later
Flexible Payment Options: The major flexibility of buying an under-construction property is in terms of the payment schedule. Many builders offer very convenient payment plans where one can pay over a considerable amount of time. This spreads the payment over time and reduces the burden on the buyer at the outset.
Lower Cost: Properties which are under construction tend to cost less than ready-to-move properties. An early investment, therefore, would result in lower property rates and even higher appreciation in the future.
Pre-Loan Sanction: Getting a home loan for an under-construction property is beneficial. The banks pre-sanction the loans considering the credibility of the project and the reputation of the builder.
Design your space, your way
Customisation: An under-construction property offers the buyers the opportunity to personalise their homes. From the choice of interior design to specific architectural preferences, the buyers can tailor their living spaces to their exact needs and tastes. This is often not possible in ready-to-move-in properties. With a wide range of choices in terms of floor plans, sizes, and locations, under-construction properties provide ample options to suit diverse needs and preferences.
Choose your Favorite Unit: A significant benefit in under-construction properties is the privilege to choose your favorite unit with options like floor plan, orientation, and view; whereas there is no such scope in a ready-to-move-in property.
Future-proof your finances
Potential for High Returns: Under-construction properties may have the potential to fetch high returns in the near future. As the construction work is completed and the property market develops, the appreciation of the property is assured.
Tax Benefits: Specific tax benefits can be availed by the buyer for an under-construction property. Discuss this with a tax consultant to get clarity about the available deductions and exemptions.
The Real Estate (Regulation and Development) Act (RERA) ensures transparency, accountability, and timely project delivery. RERA compliance provides additional assurance to buyers and protects their interests.
The credibility of Mangalam Builders and their commitment to RERA regulations make it easy to get pre-loan sanctions, profitable returns, affordable prices and buyer-centric customisations.
Therefore, it becomes a strategic investment decision for the buyer. Based on the flexibility in payments, lower costs, and choices for customisation along with chances of high returns, buying an under-construction property might be the right decision for many people. By considering these factors and choosing a reliable builder like Mangalam Builders, you can make an informed decision and reap the rewards of investing in an under-construction property.
